← Fluence Energy, Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|
| Total revenue | $561.3m | $680.8m | $1.2b | $2.2b | $2.7b | $2.3b | |
| Cost of goods and services | $501.3m | $608.0m | $1.1b | $2.1b | $2.4b | $2.0b | |
| Gross profit | $7.9m | ($69.1m) | ($62.4m) | $141.0m | $341.1m | $295.8m | |
| Research and development | $11.5m | $23.4m | $60.1m | $66.3m | $66.2m | $86.2m | |
| Sales and marketing | $16.2m | $22.6m | $37.2m | $41.1m | $63.8m | $79.5m | |
| General and administrative | $17.9m | $38.2m | $116.7m | $136.3m | $173.0m | $163.1m | |
| Depreciation and amortization | $3.0m | $5.1m | $7.1m | $9.8m | $11.4m | $13.3m | |
| Other income, net | $648k | ($270k) | ($2.3m) | ($7.0m) | ($7.3m) | ($5.4m) | |
| Net (loss) income | ($46.7m) | ($162.0m) | ($289.2m) | ($104.8m) | $30.4m | ($68.0m) | |
| Net (loss) income attributable to non-controlling interest | ($46.7m) | ($162.0m) | ($184.7m) | ($35.2m) | $7.7m | ($19.7m) | |
| Net (loss) income attributable to Fluence Energy, Inc. | $0 | $0 | ($104.5m) | ($69.6m) | $22.7m | ($48.3m) | |
| Basic (in shares) | — | — | $69.7m | $116.4m | $0 | ($0) | |
| Diluted (in shares) | — | — | $69.7m | $116.4m | $0 | ($0) | |
| (Loss) income before income taxes | ($40.3m) | ($160.2m) | ($287.8m) | ($100.3m) | $39.6m | ($45.1m) | |
| Interest expense (income), net | — | — | — | ($5.4m) | ($5.7m) | $4.1m | |
| Income tax expense | $6.4m | $1.8m | $1.4m | $4.5m | $9.2m | $22.9m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.